Explained: What are sanctions and how could Western countries target Russia

The United States and its allies are preparing financial and economic sanctions against Russia after Russian President Vladimir Putin yesterday recognised Donetsk and Luhansk - the two rebel regions in Ukraine - as independent entities. Putin also ordered troops to these regions, accelerating fear of an armed invasion of Ukraine that could trigger a much larger military conflict and force deployment of European and American forces.Russia, which has been under Western sanctions since its 2014 annexation of Crimea from Ukraine, is likely to face more stringent punitive measures this time; the United States has already announced some, and foreign ministers of EU nations are expected to add to that after a meeting today.Europe's response will be focused on Russia's recognition of Donetsk and Luhansk, the bloc's foreign policy chief, Josep Borrell, was quoted by news agency Associated Press. The United Kingdom has said it will introduce "immediate" sanctions; Prime Minister Boris Johnson has warned that Vladimir Putin is bent on "a full-scale invasion of Ukraine". France and Italy have already signalled their intention to sanction Russia; Italy Prime Minister Mario Draghi called Russia's actions "an unacceptable violation of Ukraine's democratic sovereignty".Ukraine has called for severe sanctions against Russia, and President Volodymyr Zelenskiy said his country may break off diplomatic relations with Moscow.India

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Taken on: February 22, 2022

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